schools fees

This product designed to meet the aspirations of parents and guardians who desire to lay solid and quality educational foundation for their children and wards effectively and efficiently.

Category: Tag:

Description

This product designed to meet the aspirations of parents and guardians who desire to lay solid and quality educational foundation for their children and wards effectively and efficiently.

Benefits:

The policy creates funds that guarantee your child’s education tomorrow.

Offers policy holders a tax efficient vehicle through which funds can accumulate to finance future education
Provides financial protection to the insured’s dependants in the event of the unexpected death of the policy holder.
It guarantees interest credit rate of 50% of the average Treasury Bills rate for the quarter
Provision for cash surrender value or loan.
In the event of death of the policy holder before the maturity date, the benefits payable will be the agreed sum assured and the investment account balance
Withdrawal benefit is payable after 2 years and is equal to the account balance at the time of withdrawal.
The maturity benefit is the balance in investment account at maturity of the policy.

Features

You are eligible to take up this plan if you are under 60 years
Minimum annual investment is ₦60,000, that is ₦5,000 per month
The minimum policy duration is 5 years.
Frequency of payment is paid annually, half-yearly, quarterly or monthly.
Proceeds payable as a lump sum or installment according to investor’s specification.
Option for loan of up to 70% after 24 months of full premium payment
Interest will be credited the moment payment is successful via an ATM card, cheque or bank transfer.

Reviews

There are no reviews yet.

Be the first to review “School Fees Assurance Plan”

Your email address will not be published. Required fields are marked *

Related products